SOURCE: HQ Sustainable Maritime Industries, Inc.

April 23, 2007 03:08 ET

HQ's "TiLoveYa™" to Wal-Mart's Sam's Club

HQ Sales Initially Online at www.samsclub.com

SEATTLE, WA -- (MARKET WIRE) -- April 23, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today it has signed an agreement with Sam's Club to commence online sales of various formats of its branded "TiLoveYa™" tilapia products on the Sam's Club website.

Sam's Club is a division of Wal-Mart Stores, Inc. and ranks as one of the nation's largest warehouse clubs with more than 47 million U.S. members. The first Sam's Club opened its doors in Midwest City, Oklahoma in 1983. Sam's Club offers exceptional values on merchandise and services for business owners and consumers. Online merchandise and Club information is available at www.samsclub.com.

In honor of Earth Day, which falls on April 22nd, HQ has begun a weeklong promotion to help save the Ocean's reefs (ocean bio-diversity) and the sustainability of the commercial fishery. HQ will donate one percent of its sales of "TiLoveYa™" toxin-free, fresh water, farmed tilapia with one half of proceeds going to the Ocean Trust (See www.oceantrust.org) for its sustainable ocean harvest program and one half to the Nature Conservancy (See www.nature.org) and its 'Rescue the Reef' program, including HQ's sales this week from Sam's Club.

Bob Emel, HQ's Head of Retail Sales, said, "Sam's Club is a perfect fit for our products since consumers who understand the importance of HQ's passion for quality will be able to access the unique 'TiLoveYa™' range of products from all regions of the United States."

Norbert Sporns, CEO of HQ Sustainable, added, "We are very pleased to initiate this relationship with Sam's Club, which will bring our superior, toxin-free tilapia products to a broad American public. The 2006 fiscal year was a record year for our company. With alliances like this with Sam's Club and other anticipated large retailers, we have every reason to expect even stronger results in 2007."

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc. is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in the South China Sea. HQ practices cooperative sustainable aquaculture, using nutraceutically enriched feeds and conducting fish processing and sales. The company is dedicated to sustainable toxin-free methods giving its customers the purest products possible. The Company holds HACCP certification from the U.S. FDA and the EU Code assignment of quality, permitting its products to be sold in these international markets. It owns a nutraceuticals and health products company, which is HACCP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. This plant produces nutraceuticals, which enrich feed used by HQ's cooperative aquaculture operations. HQ has commenced construction of a 100,000 ton per year organic feed mill in Wenchang. In addition to headquarters in Seattle, HQ has operational offices in Wenchang, Hainan. (http://www.hqfish.com).

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of HQ Sustainable Maritime Industries, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Consulting For Strategic Growth 1, Ltd. ("CFSG") provides HQ Sustainable Maritime Industries, Inc. (HQ) with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from HQ, CFSG may choose to purchase the common stock of the company and thereafter sell those shares at any time it deems appropriate to do so.

Contact Information

  • Contacts:

    Norbert Sporns
    Chief Executive Officer
    HQ Sustainable Maritime Industries, Inc.
    Toll free: 866-907-1757
    Fax: 206-621-0318
    Email: Email Contact

    Stan Wunderlich
    CEO
    Consulting For Strategic Growth 1
    Tel: 1-800-625-2236
    Fax: 212-337-8089
    Email: Email Contact

    Daniel Stepanek
    Media Relations
    CFSG1
    Tel: 212-896-1202
    Fax: 212-697-0910
    Email: Email Contact